수산비축 및 수매지원 사업이 수산물 가격에 미치는 영향
The Effects of the Government Reserve Program and the Purchase Loan Program on the Prices of Fisheries Products
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This paper evaluates two related government programs that share the common goal of stabilizing consumer prices of marine products and of supporting producer prices. The reserve program mandates the government to purchase and release pre-selected species on its account while the purchase loan program provides preferential loans to private warehouse owners or Fisheries Co-ops. Using the monthly record of purchases and releases by the programs, we estimate a reduced-form regression model of consumer and producer prices. The result shows that the programs have differential effects on prices. The reserve program is found to significantly decrease consumer prices but not to raise producer prices. On the other hand, the loan program is more effective in supporting producer prices but not in stabilizing consumer prices. The paper also discusses policy implications flowing from the analysis.
Abstract
This paper evaluates two related government programs that share the common goal of stabilizing consumer prices of marine products and of supporting producer prices. The reserve program mandates the government to purchase and release pre-selected species on its account while the purchase loan program provides preferential loans to private warehouse owners or Fisheries Co-ops. Using the monthly record of purchases and releases by the programs, we estimate a reduced-form regression model of consumer and producer prices. The result shows that the programs have differential effects on prices. The reserve program is found to significantly decrease consumer prices but not to raise producer prices. On the other hand, the loan program is more effective in supporting producer prices but not in stabilizing consumer prices. The paper also discusses policy implications flowing from the analysis.
참고문헌 (10)
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